The Education Department plans to repeal the gainful-employment rule, which sought to punish higher-education programs whose graduates bear a high level of student-loan debt, according to The New York Times and The Wall Street Journal. Experts had predicted that the education secretary, Betsy DeVos, aimed to weaken the rule, not scrap it.
The rule would have punished programs whose graduates had student-debt payments that amounted to more than a certain percentage of their incomes. Analyses of the rule’s predicted impact showed that for-profit colleges would have been disproportionately affected.
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